Our Premium Business Money Market account offers interest-earning potential in one convenient account, with tiered rates based on account balances, your interest rates can increase as your balance grows.^[1]

Put your excess operating cash to work for your business. You’ll continue to have easy access to your funds via your PNC Bank branch, ATM, check or online transfer. Plus, you’ll have the security of knowing that your funds are insured by the FDIC up to the maximum allowed by law.

No monthly account maintenance fee if you maintain a minimum average monthly collected balance of $2,500.

Otherwise, the monthly account maintenance fee is $12.

Minimum amount to open account: $100

A MMDA Sweep account can be a smart business choice if your checking account balance typically significantly exceeds your daily operating expenses. At the close of each business day, excess cash above a specified balance is automatically transferred, into an interest earning account^[1] where they stay invested until needed in the checking account. Sweep funds are automatically transferred back into the checking account as needed to maintain the account at the specified balance.

Help increase your returns on idle cash balances and make your money work for you

MMDA Sweep automatically links your checking account to an FDIC-insured PNC money market deposit account. PNC Bank's MMDA Sweep is an automated cash management tool that can help you make the most of your idle cash. You can manage daily liquidity and enjoy immediate access to investment balances.

Establish a target balance in your checking account. On a daily basis, balances above your pre-determined target balance are swept into your money market deposit account. As transactions are posted and your checking account balance falls beneath your specified target balance, funds are swept from the money market deposit account back into your checking account.

MMDA Sweep helps enhance your earning power on idle cash balances while facilitating instant liquidity. A statement of sweep activity is included with your checking account statement.

If your business has cash on hand pegged for future business use, and you don't need immediate access to the funds for unexpected expenses, put them to work for you earning interest for your business.

Certificates of Deposit (CDs) are bank issued interest-bearing deposits that are FDIC-insured up to legal limits. With CDs, you generally earn higher rates than with other savings products depending on the length of time your money can remain on deposit. You cannot make early withdrawals without an interest penalty, and you cannot write checks against the balance.

Variety of Terms

PNC offers CDs with a variety of maturity terms, ranging from several days to several years, to match the time your cash is investable. Use CDs as a cash flow management tool to help get the most from the funds you have, while you have them.

Wide Range

Businesses come in all sizes. So do Certificates of Deposits. When you're ready to invest $1,000 or more, there's a PNC Bank CD for your business.

Reinvestment Options

When your CD nears maturity, you'll have the opportunity to reassess your cash flow needs and decide the best next course to take. Let the funds automatically reinvest for the same maturity term at the new renewal rate, reinvest for a different term that better fits your current cash flow needs, or have your proceeds deposited into your PNC Bank business checking account or Premium Business Money Market Account for immediate use. It's easy to let us know what works best for you.